Ripple on the way to global dominance: XRP price stabilizes at $ 2.45-a look at the course forecast and the challenges by the Sec

<p> <strong> Ripple on the way to global dominance: XRP price stabilizes at $ 2.45-a look at the course forecast and the challenges by the Sec </strong> </p>
The XRP Prize and Ripples expansion strategy in the financial world
The price for XRP remained stable last week, while many other cryptocurrencies recovered. Brad Garlinghouse, CEO von Ripple, explained how the company is on the way to global dominance in the area of payment solutions. On Tuesday morning, the Ripple Prize rose slightly to $ 2.45, which corresponds to an increase of 30 % compared to its month. In this article we take a look at the background of these developments and the forecast for the XRP course.
Brad Garlinghouse and Ripple to the global dominance
Brad Garlinghouse expressed that Ripple has already spent over $ 150 million in legal fees in order to use the U.S. To deal with Securities and Exchange Commission (SEC). In an interview with Maria Bartiromo, moderator at Fox Business, he said that the current legal challenges make it difficult for the company to win large financial services companies in the USA as customers.
Most companies that use Ripple technology have so far come from abroad. However, Garlinghouse sees the future optimistic after the legal dispute has taken a turn with the SEC. He emphasizes that Ripple aims to win more US banks as partners.
ripple represents a modern alternative to the previous technology from Swift, which has been in use for over 50 years and is considered slow and expensive. The on-demand liquidity technology (ODL) from Ripple offers a faster and cheaper solution for cross-border payments. Garlinghouse emphasizes the great market potential, since trillions worldwide flow across the borders worldwide and the demand for innovative payment solutions increases.
After the election of Donald Trump, Ripple recorded an increased demand in the United States. Within six weeks after the election, the company was able to record more contracts in the United States than in the entire half year before. In addition, Garlinghouse emphasizes that Ripple still has a lot of work ahead of him to seriously compete against the dominance of Swift, which works with over 11,000 banks worldwide. Ripple is currently cooperating with less than 500 banks.
XRP course forecast and technical analysis
According to the current technical analysis, the XRP price remains stable in the last few days and gradually moves away from the important support at $ 1.9635. It is currently above the center line of the Bollinger ligament indicator and positions itself within the Ichimoku cloud indicator. A bullish outbreak is confirmed when the price breaks through this cloud. In addition, the XRP price is above the important S/R pivot point of the Murrey-Math-Lines tool.
A complete outbreak would be confirmed if the Ripple price overcomes the important resistance brand at $ 3. In this case, the emerging head and shoulder pattern could become invalid. Conversely, a decline under the support of $ 1.9635 is seen as a sign of further movements that may lead to a decrease to $ 1.
With the combination of technical analysis and a promising approach to partnership with US banks, Ripple could become more important in the near future and continue the XRP course.